Adidas’ First Quarter Profit Falls By 90%
Adidas has said that sales will fall by 40% in the second quarter after the German sportswear giant saw profits…
Day: April 27, 2020
New York State Cancels Presidential Primary Over Coronavirus Risk
New York state on Monday canceled its presidential primary over concerns voting was an unnecessary risk amid the COVID-19 pandemic,…
BREAKING: President Buhari Extends Lockdown In Lagos, Ogun, FCT Until May 4, Curfew To Begin After That
President Buhari has extended the lockdown in Lagos, Abuja and Ogun state till May 4th He also sad a dusk…
South Africa Seeking $5 Billion From Multilateral Lenders To Fight Virus
South Africa is seeking 95 billion rand ($4.99 billion) from multilateral lenders to help it fight the COVID-19 pandemic, a…
U.S Oil Slips Below $15 Per Barrel
US oil prices fell heavily on Monday and slipped below $15 a barrel on renewed storage concerns as the coronavirus…
GE’s Coronavirus Troubles Likely To Hit Power Business, Not Just Aviation
Quarantines and lockdowns at large U.S. power plants are threatening to squeeze a multibillion-dollar slice of revenue that General Electric…
Healthy Again, British PM Says Too Risky To Relax Lockdown Yet
Prime Minister Boris Johnson returned to work on Monday after recovering from COVID-19 with a warning that it was still…
Apple, Amazon, Boeing, Airbus, Federal Reserve – 5 Things You Must Know Monday
Stock futures rise as economies across the globe, including the United States, move tentatively toward reopening; Apple, Amazon and Alphabet highlight a busy earnings week; the Federal Reserve meets; Boeing abandons a $4.2 billion deal with Brazil’s Embraer
Apple To Delay Mass Production Of 2020 Flagship iPhones
Apple Inc is delaying the production ramp-up of its flagship iPhones coming later this year by about a month as…
Prepare For A Decade Of Low Stock Market Returns
Elevated valuations historically signal low returns
Bank of Japan Expands Stimulus As Pandemic Pain Worsens
The Bank of Japan expanded monetary stimulus on Monday and pledged to buy an unlimited amount of bonds to keep…
U.S. Economy Faces Historic Shock With 16% Unemployment Possible
The shuttering of the U.S. economy due to the coronavirus pandemic is a shock of historic proportions that will likely…